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Road to Compliance: Guide to Comply with FASB ASC 842

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05. SYSTEM Ensure seamless compliance to the new accounting standards by selecting the right system. " " Some key considerations for selecting a system include ensuring the system: supports dual reporting for US GAAP and IFRS, supports foreign currency needs, captures items required to support new disclosure requirements supports tracking and recording of the impairment of the ROU Asset... Marybeth Shamrock, Advisory Lead for Leasing, KPMG

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